Zain Saudi posts first-ever profit of SAR 12 mln in FY17

23/01/2018 Argaam Exclusive

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Mobile Telecommunication Company Saudi Arabia (Zain Saudi) reported the first-ever net profit after zakat and tax of SAR 12 million for fiscal year 2017, compared to a net loss of SAR 979 million a year earlier. The telecom operator attributed the annual profit to higher revenue and growing demand for its services.

The financial results were also bolstered by declines in the cost of sales, amortization as well as marketing expenses backed by the company’s ongoing cost optimization initiative.

Financials (M)

Item	2016	2017	Change‬
Revenues	6,926.65	7,305.82	5.5 %
Gross Income	4,400.67	4,913.02	11.6 %
Operating Income	(54.43)	903.24	1759.4 %
Net Income	(978.54)	11.54	101.2 %
Average Shares	573.22	573.22	-
EPS (Riyals)	(1.71)	0.02	101.2 %

The full-year revenue increased 5 percent year-on-year (YoY) to SAR 7.31 billion, from SAR 6.93 billion in fiscal year 2016.

In Q4 2017, the company paid the third installment from the syndicated Murabaha loan agreement at SAR 1.3 billion, which accounts for 15 percent of the loan value. Accordingly, the loan principal was reduced to SAR 5.9 billion.

“This shows the continuity of the company excellent performance and its ability to meet the financial obligations,” Zain Saudi said in a statement to Tadawul.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2016	Q4 2017	Change‬
Revenues	1,800.61	1,715.65	(4.7 %)
Gross Income	1,141.69	1,132.61	(0.8 %)
Operating Income	87.85	166.58	89.6 %
Net Income	(134.13)	(45.02)	66.4 %
Average Shares	573.22	573.22	-
EPS (Riyals)	(0.23)	(0.08)	66.4 %

Item	Q3 2017	Q4 2017	Change‬
Revenues	1,806.56	1,715.65	(5.0 %)
Gross Income	1,230.87	1,132.61	(8.0 %)
Operating Income	228.95	166.58	(27.2 %)
Net Income	3.41	(45.02)	(1422.3 %)
Average Shares	573.22	573.22	-
EPS (Riyals)	0.01	(0.08)	(1422.3 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2008	-	-	-	-	(118.88)	-
Q2 2008	-	-	-	-	(198.25)	-
Q3 2008	80.80	-	(14.72)	-	(599.24)	-
Q4 2008	424.40	-	31.18	-	(783.35)	-
2008	505.20	-	16.46	-	(1699.72)	-
Q1 2009	581.67	-	145.98	-	(655.80)	(451.6 %)
Q2 2009	701.52	-	132.59	-	(706.46)	(256.3 %)
Q3 2009	825.49	921.7 %	242.93	1750.0 %	(668.17)	(11.5 %)
Q4 2009	895.38	111.0 %	355.53	1040.2 %	(436.49)	44.3 %
2009	3,004.05	494.6 %	877.03	5228.5 %	(2466.92)	(45.1 %)
Q1 2010	1,094.23	88.1 %	384.34	163.3 %	(435.29)	33.6 %
Q2 2010	1,450.41	106.8 %	608.03	358.6 %	(314.45)	55.5 %
Q3 2010	1,661.95	101.3 %	712.13	193.1 %	(235.17)	64.8 %
Q4 2010	1,727.78	93.0 %	825.94	132.3 %	(178.67)	59.1 %
2010	5,934.37	97.5 %	2,530.45	188.5 %	(1163.58)	52.8 %
Q1 2011	1,484.22	35.6 %	716.02	86.3 %	(233.11)	46.4 %
Q2 2011	1,704.65	17.5 %	923.22	51.8 %	(143.80)	54.3 %
Q3 2011	1,794.81	8.0 %	870.12	22.2 %	(221.60)	5.8 %
Q4 2011	1,715.39	(0.7 %)	690.82	(16.4 %)	(212.97)	(19.2 %)
2011	6,699.06	12.9 %	3,200.17	26.5 %	(811.48)	30.3 %
Q1 2012	1,521.59	2.5 %	702.20	(1.9 %)	(191.20)	18.0 %
Q2 2012	1,629.02	(4.4 %)	707.12	(23.4 %)	(174.00)	(21.0 %)
Q3 2012	1,529.90	(14.8 %)	711.62	(18.2 %)	(304.79)	(37.5 %)
Q4 2012	1,490.16	(13.1 %)	738.98	7.0 %	(261.61)	(22.8 %)
2012	6,170.67	(7.9 %)	2,859.92	(10.6 %)	(931.60)	(14.8 %)
Q1 2013	1,719.40	13.0 %	776.23	10.5 %	(232.94)	(21.8 %)
Q2 2013	1,706.35	4.7 %	830.76	17.5 %	(206.12)	(18.5 %)
Q3 2013	1,573.32	2.8 %	760.98	6.9 %	(239.00)	21.6 %
Q4 2013	1,523.52	2.2 %	766.88	3.8 %	(271.26)	(3.7 %)
2013	6,522.59	5.7 %	3,134.86	9.6 %	(949.32)	(1.9 %)
Q1 2014	1,545.77	(10.1 %)	798.66	2.9 %	(127.18)	45.4 %
Q2 2014	1,567.13	(8.2 %)	797.05	(4.1 %)	(135.83)	34.1 %
Q3 2014	1,553.00	(1.3 %)	810.67	6.5 %	(218.60)	8.5 %
Q4 2014	1,556.46	2.2 %	816.27	6.4 %	(187.47)	30.9 %
2014	6,170.27	(5.4 %)	3,222.65	2.8 %	(669.09)	29.5 %
Q1 2015	1,656.79	7.2 %	874.43	9.5 %	(59.05)	53.6 %
Q2 2015	1,648.83	5.2 %	949.40	19.1 %	0.94	100.7 %
Q3 2015	1,763.73	13.6 %	1,062.18	31.0 %	(0.89)	99.6 %
Q4 2015	1,672.03	7.4 %	1,065.09	30.5 %	(82.42)	56.0 %
2015	6,741.38	9.3 %	3,951.10	22.6 %	(141.42)	78.9 %
Q1 2016	1,764.88	6.5 %	1,085.55	24.1 %	(32.03)	45.8 %
Q2 2016	1,727.40	4.8 %	1,112.80	17.2 %	(108.29)	(11620.3 %)
Q3 2016	1,633.76	(7.4 %)	1,060.63	(0.1 %)	(1.97)	(120.0 %)
Q4 2016	1,800.61	7.7 %	1,141.69	7.2 %	87.85	206.6 %
2016	6,926.65	2.7 %	4,400.67	11.4 %	(54.43)	61.5 %
Q1 2017	1,919.05	8.7 %	1,290.99	18.9 %	272.70	951.5 %
Q2 2017	1,864.57	7.9 %	1,258.55	13.1 %	235.01	317.0 %
Q3 2017	1,806.56	10.6 %	1,230.87	16.1 %	228.95	11739.3 %
Q4 2017	1,715.65	(4.7 %)	1,132.61	(0.8 %)	166.58	89.6 %
2017	7,305.82	5.5 %	4,913.02	11.6 %	903.24	1759.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2008	505.20	-	16.46	-	(1699.72)	-
2009	3,004.05	494.6 %	877.03	5228.5 %	(2466.92)	(45.1 %)
2010	5,934.37	97.5 %	2,530.45	188.5 %	(1163.58)	52.8 %
2011	6,699.06	12.9 %	3,200.17	26.5 %	(811.48)	30.3 %
2012	6,170.67	(7.9 %)	2,859.92	(10.6 %)	(931.60)	(14.8 %)
2013	6,522.59	5.7 %	3,134.86	9.6 %	(949.32)	(1.9 %)
2014	6,170.27	(5.4 %)	3,222.65	2.8 %	(669.09)	29.5 %
2015	6,741.38	9.3 %	3,951.10	22.6 %	(141.42)	78.9 %
2016	6,926.65	2.7 %	4,400.67	11.4 %	(54.43)	61.5 %
2017	7,305.82	5.5 %	4,913.02	11.6 %	903.24	1759.4 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2008	(543.59)	-	(2.47)	(418.26)	(125.33)	(0.57)
Q2 2008	(153.65)	-	(0.70)	-	(153.65)	(0.70)
Q3 2008	(649.04)	-	(2.95)	-	(649.04)	(2.95)
Q4 2008	(931.90)	-	(4.23)	-	(931.90)	(4.23)
2008	(2278.17)	-	(10.34)	(418.26)	(1859.91)	(8.44)
Q1 2009	(765.37)	(40.8 %)	(3.47)	-	(765.37)	(3.47)
Q2 2009	(856.66)	(457.5 %)	(3.89)	-	(856.66)	(3.89)
Q3 2009	(819.73)	(26.3 %)	(3.72)	-	(819.73)	(3.72)
Q4 2009	(657.59)	29.4 %	(2.99)	-	(657.59)	(2.99)
2009	(3099.35)	(36.0 %)	(14.07)	-	(3099.35)	(14.07)
Q1 2010	(662.45)	13.4 %	(3.01)	-	(662.45)	(3.01)
Q2 2010	(631.59)	26.3 %	(2.87)	-	(631.59)	(2.87)
Q3 2010	(543.79)	33.7 %	(2.47)	-	(543.79)	(2.47)
Q4 2010	(520.61)	20.8 %	(2.36)	-	(520.61)	(2.36)
2010	(2358.44)	23.9 %	(10.71)	-	(2358.44)	(10.71)
Q1 2011	(531.75)	19.7 %	(2.41)	-	(531.75)	(2.41)
Q2 2011	(448.18)	29.0 %	(2.03)	-	(448.18)	(2.03)
Q3 2011	(483.81)	11.0 %	(2.20)	-	(483.81)	(2.20)
Q4 2011	(461.46)	11.4 %	(2.09)	-	(461.46)	(2.09)
2011	(1925.20)	18.4 %	(8.74)	-	(1925.20)	(8.74)
Q1 2012	(419.99)	21.0 %	(1.91)	-	(419.99)	(1.91)
Q2 2012	(393.64)	12.2 %	(1.79)	-	(393.64)	(1.79)
Q3 2012	(493.00)	(1.9 %)	(0.86)	-	(493.00)	(0.86)
Q4 2012	(442.78)	4.0 %	(0.77)	-	(442.78)	(0.77)
2012	(1749.40)	9.1 %	(3.05)	-	(1749.40)	(3.05)
Q1 2013	(397.95)	5.2 %	(0.69)	-	(397.95)	(0.69)
Q2 2013	(370.41)	5.9 %	(0.65)	-	(370.41)	(0.65)
Q3 2013	(420.81)	14.6 %	(0.73)	-	(420.81)	(0.73)
Q4 2013	(462.30)	(4.4 %)	(0.81)	-	(462.30)	(0.81)
2013	(1651.47)	5.6 %	(2.88)	-	(1651.47)	(2.88)
Q1 2014	(318.36)	20.0 %	(0.56)	-	(318.36)	(0.56)
Q2 2014	(328.94)	11.2 %	(0.57)	-	(328.94)	(0.57)
Q3 2014	(315.81)	25.0 %	(0.55)	85.00	(400.81)	(0.70)
Q4 2014	(306.46)	33.7 %	(0.53)	50.47	(356.92)	(0.62)
2014	(1269.57)	23.1 %	(2.21)	135.47	(1405.03)	(2.45)
Q1 2015	(256.72)	19.4 %	(0.45)	-	(256.72)	(0.45)
Q2 2015	(201.16)	38.8 %	(0.35)	-	(201.16)	(0.35)
Q3 2015	(222.95)	29.4 %	(0.39)	-	(222.95)	(0.39)
Q4 2015	(291.11)	5.0 %	(0.51)	-	(291.11)	(0.51)
2015	(971.95)	23.4 %	(1.70)	-	(971.95)	(1.70)
Q1 2016	(250.00)	2.6 %	(0.44)	-	(250.00)	(0.44)
Q2 2016	(328.30)	(63.2 %)	(0.57)	-	(328.30)	(0.57)
Q3 2016	(266.11)	(19.4 %)	(0.46)	-	(266.11)	(0.46)
Q4 2016	(134.13)	53.9 %	(0.23)	-	(134.13)	(0.23)
2016	(978.54)	(0.7 %)	(1.71)	-	(978.54)	(1.71)
Q1 2017	45.47	118.2 %	0.08	-	45.47	0.08
Q2 2017	7.69	102.3 %	0.01	-	7.69	0.01
Q3 2017	3.41	101.3 %	0.01	-	3.41	0.01
Q4 2017	(45.02)	66.4 %	(0.08)	-	(45.02)	(0.08)
2017	11.54	101.2 %	0.02	-	11.54	0.02

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2008	(2278.17)	-	(10.34)	(418.26)	(1859.91)	(8.44)
2009	(3099.35)	(36.0 %)	(14.07)	-	(3099.35)	(14.07)
2010	(2358.44)	23.9 %	(10.71)	-	(2358.44)	(10.71)
2011	(1925.20)	18.4 %	(8.74)	-	(1925.20)	(8.74)
2012	(1749.40)	9.1 %	(3.05)	-	(1749.40)	(3.05)
2013	(1651.47)	5.6 %	(2.88)	-	(1651.47)	(2.88)
2014	(1269.57)	23.1 %	(2.21)	135.47	(1405.03)	(2.45)
2015	(971.95)	23.4 %	(1.70)	-	(971.95)	(1.70)
2016	(978.54)	(0.7 %)	(1.71)	-	(978.54)	(1.71)
2017	11.54	101.2 %	0.02	-	11.54	0.02

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	3.26 %	(250.38 %)	(368.16 %)
Q1 2009	-	-	-
Q2 2009	16.50 %	(92.47 %)	(179.10 %)
Q3 2009	21.82 %	(58.30 %)	(133.18 %)
Q4 2009	29.19 %	(35.71 %)	(103.17 %)
2009	29.19 %	(35.71 %)	(103.17 %)
Q1 2010	31.72 %	(23.12 %)	(85.21 %)
Q2 2010	37.30 %	(8.97 %)	(64.97 %)
Q3 2010	40.38 %	1.01 %	(48.91 %)
Q4 2010	42.64 %	5.57 %	(39.74 %)
2010	42.64 %	5.57 %	(39.74 %)
Q1 2011	45.26 %	8.77 %	(35.22 %)
Q2 2011	48.30 %	11.75 %	(31.08 %)
Q3 2011	49.70 %	12.64 %	(29.57 %)
Q4 2011	47.77 %	13.42 %	(28.74 %)
2011	47.77 %	13.42 %	(28.74 %)
Q1 2012	47.30 %	14.66 %	(26.92 %)
Q2 2012	44.59 %	14.89 %	(26.41 %)
Q3 2012	43.96 %	14.62 %	(27.64 %)
Q4 2012	46.35 %	14.24 %	(28.35 %)
2012	46.35 %	14.24 %	(28.35 %)
Q1 2013	46.07 %	13.24 %	(27.12 %)
Q2 2013	47.44 %	12.73 %	(26.44 %)
Q3 2013	47.88 %	13.68 %	(25.15 %)
Q4 2013	48.06 %	13.65 %	(25.32 %)
2013	48.06 %	13.65 %	(25.32 %)
Q1 2014	49.73 %	15.48 %	(24.76 %)
Q2 2014	50.30 %	15.95 %	(24.65 %)
Q3 2014	51.27 %	15.29 %	(24.40 %)
Q4 2014	51.79 %	15.50 %	(22.58 %)
2014	52.23 %	15.63 %	(22.77 %)
Q1 2015	52.08 %	15.99 %	(21.21 %)
Q2 2015	53.79 %	18.43 %	(18.95 %)
Q3 2015	55.88 %	21.85 %	(15.66 %)
Q4 2015	58.61 %	24.16 %	(14.42 %)
2015	58.61 %	24.16 %	(14.42 %)
Q1 2016	60.77 %	25.19 %	(14.09 %)
Q2 2016	62.44 %	24.01 %	(15.77 %)
Q3 2016	63.61 %	25.15 %	(16.70 %)
Q4 2016	63.53 %	25.92 %	(14.13 %)
2016	63.53 %	25.92 %	(14.13 %)
Q1 2017	65.05 %	28.46 %	(9.65 %)
Q2 2017	65.83 %	31.52 %	(4.81 %)
Q3 2017	66.60 %	32.71 %	(1.05 %)
Q4 2017	67.25 %	34.45 %	0.16 %
2017	67.25 %	34.45 %	0.16 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2008	3.26 %	(250.38 %)	(368.16 %)
2009	29.19 %	(35.71 %)	(103.17 %)
2010	42.64 %	5.57 %	(39.74 %)
2011	47.77 %	13.42 %	(28.74 %)
2012	46.35 %	14.24 %	(28.35 %)
2013	48.06 %	13.65 %	(25.32 %)
2014	52.23 %	15.63 %	(22.77 %)
2015	58.61 %	24.16 %	(14.42 %)
2016	63.53 %	25.92 %	(14.13 %)
2017	67.25 %	34.45 %	0.16 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	(18.22 %)	(589.78 %)	(803.31 %)
Q4 2008	7.35 %	(111.71 %)	(219.58 %)
Q1 2009	25.10 %	(56.72 %)	(131.58 %)
Q2 2009	18.90 %	(53.20 %)	(122.12 %)
Q3 2009	29.43 %	(36.28 %)	(99.30 %)
Q4 2009	39.71 %	(7.82 %)	(73.44 %)
Q1 2010	35.12 %	(6.43 %)	(60.54 %)
Q2 2010	41.92 %	3.94 %	(43.55 %)
Q3 2010	42.85 %	8.11 %	(32.72 %)
Q4 2010	47.80 %	12.10 %	(30.13 %)
Q1 2011	48.24 %	10.37 %	(35.83 %)
Q2 2011	54.16 %	16.16 %	(26.29 %)
Q3 2011	48.48 %	11.69 %	(26.96 %)
Q4 2011	40.27 %	15.15 %	(26.90 %)
Q1 2012	46.15 %	15.96 %	(27.60 %)
Q2 2012	43.41 %	17.16 %	(24.16 %)
Q3 2012	46.51 %	10.00 %	(32.22 %)
Q4 2012	49.59 %	13.65 %	(29.71 %)
Q1 2013	45.15 %	12.04 %	(23.14 %)
Q2 2013	48.69 %	15.08 %	(21.71 %)
Q3 2013	48.37 %	13.98 %	(26.75 %)
Q4 2013	50.34 %	13.53 %	(30.34 %)
Q1 2014	51.67 %	19.38 %	(20.60 %)
Q2 2014	50.86 %	16.90 %	(20.99 %)
Q3 2014	52.20 %	11.31 %	(25.81 %)
Q4 2014	52.44 %	14.40 %	(22.93 %)
Q1 2015	52.78 %	21.00 %	(15.50 %)
Q2 2015	57.58 %	26.36 %	(12.20 %)
Q3 2015	60.22 %	25.02 %	(12.64 %)
Q4 2015	63.70 %	24.21 %	(17.41 %)
Q1 2016	61.51 %	25.20 %	(14.17 %)
Q2 2016	64.42 %	21.54 %	(19.01 %)
Q3 2016	64.92 %	29.85 %	(16.29 %)
Q4 2016	63.41 %	27.25 %	(7.45 %)
Q1 2017	67.27 %	34.63 %	2.37 %
Q2 2017	67.50 %	33.89 %	0.41 %
Q3 2017	68.13 %	34.90 %	0.19 %
Q4 2017	66.02 %	34.40 %	(2.62 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	220.28	-	-	61.09
Q2 2008	220.28	-	-	60.39
Q3 2008	220.28	-	-	57.44
Q4 2008	220.28	(10.34)	(8.44)	53.21
Q1 2009	220.28	(11.35)	(11.35)	49.74
Q2 2009	220.28	(14.54)	(14.54)	45.85
Q3 2009	220.28	(15.32)	(15.32)	42.13
Q4 2009	220.28	(14.07)	(14.07)	39.14
Q1 2010	220.28	(13.60)	(13.60)	36.14
Q2 2010	220.28	(12.58)	(12.58)	33.27
Q3 2010	220.28	(11.33)	(11.33)	29.90
Q4 2010	220.28	(10.71)	(10.71)	27.83
Q1 2011	220.28	(10.11)	(10.11)	25.58
Q2 2011	220.28	(9.28)	(9.28)	23.62
Q3 2011	220.28	(9.01)	(9.01)	21.58
Q4 2011	220.28	(8.74)	(8.74)	19.49
Q1 2012	220.28	(8.23)	(8.23)	17.79
Q2 2012	220.28	(7.98)	(7.98)	16.00
Q3 2012	573.22	(3.08)	(3.08)	15.53
Q4 2012	573.22	(3.05)	(3.05)	14.74
Q1 2013	573.22	(3.01)	(3.01)	14.05
Q2 2013	573.22	(2.97)	(2.97)	13.40
Q3 2013	573.22	(2.85)	(2.85)	12.67
Q4 2013	573.22	(2.88)	(2.88)	11.79
Q1 2014	573.22	(2.74)	(2.74)	11.22
Q2 2014	573.22	(2.67)	(2.67)	10.60
Q3 2014	573.22	(2.49)	(2.63)	10.10
Q4 2014	573.22	(2.21)	(2.45)	9.53
Q1 2015	573.22	(2.11)	(2.34)	9.04
Q2 2015	573.22	(1.88)	(2.12)	8.71
Q3 2015	573.22	(1.72)	(1.81)	8.31
Q4 2015	573.22	(1.70)	(1.70)	7.94
Q1 2016	573.22	(1.68)	(1.68)	7.45
Q2 2016	573.22	(1.91)	(1.91)	6.88
Q3 2016	573.22	(1.98)	(1.98)	6.42
Q4 2016	573.22	(1.71)	(1.71)	6.21
Q1 2017	573.22	(1.19)	(1.19)	6.28
Q2 2017	573.22	(0.61)	(0.61)	6.29
Q3 2017	573.22	(0.14)	(0.14)	6.30
Q4 2017	573.22	0.02	0.02	6.22

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2008	220.28	(10.34)	(8.44)	53.21
2009	220.28	(14.07)	(14.07)	39.14
2010	220.28	(10.71)	(10.71)	27.83
2011	220.28	(8.74)	(8.74)	19.49
2012	573.22	(3.05)	(3.05)	14.74
2013	573.22	(2.88)	(2.88)	11.79
2014	573.22	(2.21)	(2.45)	9.53
2015	573.22	(1.70)	(1.70)	7.94
2016	573.22	(1.71)	(1.71)	6.21
2017	573.22	0.02	0.02	6.22

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	-	-	4.80
Q2 2008	-	-	6.26
Q3 2008	-	-	5.04
Q4 2008	NEG	NEG	3.09
Q1 2009	NEG	NEG	3.20
Q2 2009	NEG	NEG	3.95
Q3 2009	NEG	NEG	3.99
Q4 2009	NEG	NEG	4.00
Q1 2010	NEG	NEG	4.16
Q2 2010	NEG	NEG	3.92
Q3 2010	NEG	NEG	4.08
Q4 2010	NEG	NEG	4.30
Q1 2011	NEG	NEG	4.16
Q2 2011	NEG	NEG	4.51
Q3 2011	NEG	NEG	4.47
Q4 2011	NEG	NEG	4.39
Q1 2012	NEG	NEG	9.41
Q2 2012	NEG	NEG	7.52
Q3 2012	NEG	NEG	1.95
Q4 2012	NEG	NEG	1.58
Q1 2013	NEG	NEG	1.71
Q2 2013	NEG	NEG	2.18
Q3 2013	NEG	NEG	2.22
Q4 2013	NEG	NEG	2.33
Q1 2014	NEG	NEG	2.73
Q2 2014	NEG	NEG	2.76
Q3 2014	NEG	NEG	3.12
Q4 2014	NEG	NEG	2.00
Q1 2015	NEG	NEG	1.90
Q2 2015	NEG	NEG	2.09
Q3 2015	NEG	NEG	1.75
Q4 2015	NEG	NEG	1.68
Q1 2016	NEG	NEG	1.87
Q2 2016	NEG	NEG	1.82
Q3 2016	NEG	NEG	1.67
Q4 2016	NEG	NEG	2.13
Q1 2017	NEG	NEG	2.25
Q2 2017	NEG	NEG	2.34
Q3 2017	NEG	NEG	2.22
Q4 2017	More than 100	More than 100	1.88

Period	P/E	Adjusted P/E	Price/book
2008	NEG	NEG	3.09
2009	NEG	NEG	4.00
2010	NEG	NEG	4.30
2011	NEG	NEG	4.39
2012	NEG	NEG	1.58
2013	NEG	NEG	2.33
2014	NEG	NEG	2.00
2015	NEG	NEG	1.68
2016	NEG	NEG	2.13
2017	More than 100	More than 100	1.88

Analysts Estimates (Million)

Item	Q4 2017 (e)	Q4 2017 (a)	Change‬
Average	10.24	(45.02)	(539.7 %)

Estimates vs Actual (Million)

Item	Q4 2017 (e)	Q4 2017 (a)	Change
Al Rajhi Capital	16.00	(45.02)	(381.4) %
Albilad Capital	15.00	(45.02)	(400.2) %
AlJazira Capital	10.20	(45.02)	(541.4) %
SNB Capital	8.00	(45.02)	(662.8) %
Riyad Capital	2.00	(45.02)	(2351.2) %

Financial Ratios

	Current
Market Cap (M Riyal)	9,292.87
Enterprise Value (EV) (M)	16,620.00
Shares Outstanding ((M))	898.73
EPS ( Riyal) (TTM)	0.30
Book Value (BV) ( Riyal)	11.62
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	34.68
Price/book	0.89
Return on Average Assets (%) (TTM)	1.0
Return on Average Equity (%) (TTM)	2.6

Mobile Telecommunication Company Saudi Arabia (ZAIN KSA)

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Zain Saudi posts first-ever profit of SAR 12 mln in FY17

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Mobile Telecommunication Company Saudi Arabia (ZAIN KSA)

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Zain Saudi posts first-ever profit of SAR 12 mln in FY17

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Mobile Telecommunication Company Saudi Arabia (ZAIN KSA)

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